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Tuesday, March 29, 2016

Columnist Steve Brown at the Dallas Morning News reports that the number of new listings in the area's housing market was up 20 percent in February from a year ago, according to data from local real estate agents.

The total inventory of single-family homes listed for sale with area real estate agents was 4 percent higher than a year ago, marking the first spring in five years that there aren’t fewer houses for sale in the area.

This is an encouraging indicator but more listings are need to balance the market inventory. DFW's market remains tight by historical standards.

In February there was only a 2.1-month supply of preowned single-family homes for sale in North Texas, according to Texas Real Estate Center data. That's about half the national average. A “normal” housing market has about a 6-month supply of homes.

Dallas - Fort Worth Grows and Grows!

Bloggers I like & other Off Topic Links

Real Estate Agents that Don't Suck... (a rant)

REALTOR Ethics Codes prohibit me from posting who the terrible 80% are and why they are a scourge to our industry. But no one says I can't tell you who the good ones are!

J.T. Oden II, JTOden Realty

Jennifer Davis

Joe Boggs, Integrity First Mortgage

Jessica Bierstedt

Nancy Baldwin

Lori "CHICK" Miller

Angela Katai

Cori Sharp, KW

Donna McDonald, Ebby

Nancy White, Remax

Jason Pardue, KW

Linda Chady Chase, KW

There are some really lousy agents out there and lousy loan officers too. A client of mine once told me that he read an article that said 80% of licensees were awful. I agree with that, unfortunately. There are even whole brokerages devoted to sub-standard work. The REALTOR code of ethics prohibits me from giving you a list of all the lousy ones, much less telling you why they are so poor. Just because they are not listed doesn't mean they are lousy... but if they aren't on this list, assume the worst... just to be safe.